Reported 6 months ago
Market pressure is seen as a "technical hiccup" by analyst Kate Moore, who notes that there is no significant catalyst driving markets lower despite Treasury yields rising. Moore believes the underlying market fundamentals remain strong and the macro picture looks solid, but she does not expect a major change in expectations for Federal Reserve rate cuts, describing the current market as being in a "catalyst-free holding pattern." On the AI front, Moore mentions investors feeling cautious as AI companies showed strong demand during earnings season, emphasizing the competitive necessity of AI technology despite uncertainties around the addressable market.
Source: YAHOO